Daily Archives: May 21, 2014

bitcoin video 1 for presentation 1 1
This is the Beginning video for my Prezi Presentation on Bitcoin. Here is the link http://prezi.com/qazg254h3utx/?utm_campaign=share utm_medium=copy rc=ex0share.

By: kepo777

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bitcoin video 1 for presentation 1 1 - Video

Federal Reserve "Bitcoin Boon" -- Bigger than Facebook -- Bitcoin Costume Contest Update!
2014 Bitcoin Costume Contest! Vote for your favorites! http://www.worldcryptonetwork.com/2014/05/2014-bitcoin-costume-contest.html Join the MadBitcoins Patreon for behind the scenes content!...

By: MadBitcoins

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Federal Reserve "Bitcoin Boon" -- Bigger than Facebook -- Bitcoin Costume Contest Update! - Video

Bitcoin video 2 for presentation finished
The ending Video for my Prezi presentation on bitcoin. A link will be put here when it is added to the presentation.

By: kepo777

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Bitcoin video 2 for presentation finished - Video

YMB Virtual Bitcoin Meetup #1: Intros and Anything Goes
Here #39;s the link to join us live! https://plus.google.com/hangouts/_/hoaevent/AP36tYctzfzpFi8wOxR7aKROykuRWqFu02kjHZCZVLCXCMiFvafM7g This is the first ever virtual Bitcoin meetup hosted by...

By: Daniel Brown

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YMB Virtual Bitcoin Meetup #1: Intros and Anything Goes - Video

Hot News - Hong Kong Company Launches City #39;s First Bitcoin ATM

By: ANX

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Hot News - Hong Kong Company Launches City's First Bitcoin ATM - Video

U.S. authorities probe bitcoin exchanges over illegal transactions: WSJ

By: travell

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U.S. authorities probe bitcoin exchanges over illegal transactions: WSJ - Video

BITCOIN 2014 - Keynote - Dr. Patrick Byrne, Overstock CEO
Help make more of this content possible. Please donate: 1LAbmS7ksjpgEyxgHu2JdQhtzk6D3WfE4c Recorded May 16, 2014 at BITCOIN 2014 in Amsterdam, Holland. Dr. Patrick Byrne, Overstock CEO BITCOIN...

By: Coinsider This!

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BITCOIN 2014 - Keynote - Dr. Patrick Byrne, Overstock CEO - Video

Bitcoin 2014 in Amsterdam - Highlights
Take a look at some of the highlights from the Bitcoin2014 conference in Amsterdam held on 16-17th May, 2014. Bitcoin2014 Conference was held in Amsterdam. With more than 1100 attendees present...

By: CoinDesk

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Bitcoin 2014 in Amsterdam - Highlights - Video

Bit n Mortar Bitcoin travel TV show Pilot spend bit coin
Bit n Mortar The bitcoin travel show thats shows you were to spend bitcoins in person. Keep the show going by contributing to bit coin address 1N8VpbPx8Y6exEqFkrdf6d9NUu1wdyWc88. This was...

By: Bit n Mortar

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Bit n Mortar Bitcoin travel TV show Pilot spend bit coin - Video

Illustration: WIRED

Someone out there likes anonymous money.

In only a month, the little-known bitcoin alternative known as Darkcoin has rocketed nearly tenfold in valuefrom around 75 cents a coin to almost seven dollars. Its selling point: Darkcoin offers far greater anonymity than bitcoin, mixing up users transactions so that its incredibly difficult to trace a payment to a person. And though few have yet to accept that more-anonymous coin for actual goods and services, the promise of Darkcoins privacy features seems to have sparked a miniature boom. Its one of the fastest growing among the wave of cryptocurrencies thats followed bitcoins success, with the total value of its combined coins topping out at nearly $30 million.

Darkcoin, supporters argue, serves a real privacy need. Despite its reputation for being more anonymous than traditional money, the bitcoin network actually allows anyone to see every transaction on a public accounting ledger known as the blockchain. Users often have to take extra steps, like mixing their coins in a laundry service, to prevent those addresses from being tied to their identity by any government or corporation that wants to snoop.

Darkcoin adds an extra layer of privacy by automatically combining any transaction its users make with those of two other usersa feature it calls Darksendso that anyone analyzing the blockchain has a harder time figuring out where a particular users money ended up. A large community believes that the way bitcoins blockchain is designed is a problem, says Evan Duffield, the 32-year old Arizona-based software developer who launched Darkcoin in January. Darkcoin has this anonymity aspect to it, which is attractive to a lot of people.

Darkcoins exchange rate with the dollar and market cap over the last month. Credit: Coinmarketcap.com

Darkcoins uncanny growth, of course, may also be fueled by speculators who see an opportunity to jump on a hot commodity. And given how wildly its appreciated in its short life, theres no guarantee it wont crash just as fast.

But Darkcoins price increases may also be linked to real changes in its features, says Kristov Atlas, a bitcoin consultant and Darkcoin fan. He argues that its value comes in part from its unique properties as a payment system, not just as an investment vehicle. The currencys first big price jump occurred in late April, for instance, when its Darksend privacy trick was initially switched on for real transactions. Its not purely a speculative bubble, Atlas says. Theres some solid indications the market price is currently based on the fundamental value of the coin.

Darkcoins price may in fact be manipulated by investors, says Allen Price, a trader in the bitcoin alternatives known as altcoins. But he says its already outlasted his expectation that its price growth was caused by a pump-and-dump scam. I had sort of smugly stood to the side waiting for the big, inevitable crash with an I told you so ready, says Price. But no crash ever really came, and its been kind of an ongoing success for investors.

Much of the currencys more recent price increase, says Duffield, may stem from its system of financially rewarding users whose machines serve as the coordinators of its Darksend transactions. Anyone can become make their computer into one of those coordinators, which Duffield calls master nodes, by proving that theyve paid a thousand darkcoins. In exchange, they reap ten percent of all new coins added to the Darkcoin network, which are distributed among the master nodes as an incentive for their work. Duffield says Darkcoiners seeking those rewards created 170 master nodes in the last month, tying up 170,000 darkcoins, a number that significantly decreased the currencys supply and has likely helped raise its price.

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Darkcoin, the Shadowy Cousin of Bitcoin, Is Booming